Turning $5,000 into $400,000..UNREAL

I hear ya! For someone who has been playing options, I am not sure how I missed that.

What was the price on the Goog APR 500 CALL options? I don’t know where to go to look up historic option prices.

I know what you are saying. I had a limit buy in for just one May 500 Goog Call for $5.50 and I didnt get filled. It was so close. Friday the call closed at around $48!!! I agree these are some unbelievable moves. I think maybe next time go ahead and do it but dont risk so much. This way if you get crushed you dont lose all your funds. BTW, I think GOOG is going to run to $600 so there is money to be made in the stock still.

To answer Thomas S’s question about the price of the APR 500 calls, they ended Thursday at about 60 cents per contract. At the close of trading Friday, they were then worth about $40 per contract. The 510′s were about 30 cents and the 520′s were about 15 cents I believe. I was tracking the options on Friday, and the maximum profit for any of those (that I saw) was about 13,000% (130x price paid). Although on another blog, it said 170x was the highest point during the day.

Are there any good resources out there for learning options and how to utilize them?

thanks guys.

Seems to me the safest way to trade prior to the move was a strangle. Buy at the money call and put. Stock moved enough that even losing on the put side, good money was made on the call. Suppose the report would have been negative, on the other hand, and it went severly down. Good money could have been made on the put side after the call side loss. In hindsight, buying the call was the right side, but there is no way of knowing. Could have just as easily lost the call money. Just my opinion after years of being bruised playing options on both sides of the mkt.

Hi, if you never want to miss news that can move your stocks, then sign up for free at easystockalerts.com Hope this will work out for you.
Good luck!

I agree with you.now days there are lots of websites are offering financial news and help, I know one among of them called easystockalerts.com. It allows you to get the news before it even appears on the web.

hello Brett, do you have any suggestions for a beginner that
can’t afford Google options, cause, dang, they’re expensive!
Thanks

Yeah, put your money in a savings account. ;) I work with ShoreBank, we have a great High Yield Savings Account at 3.5%. Our account is really fair, and designed for the customer: there’s a $1 minimum, no monthly fees, 24-hour online access, and of course it’s FDIC insured. For more info check out this link: http://shorebankdirect.sbk.com/

Somx at 33 cents now at 42 cents
Somaxon Pharmaceuticals, Inc
insiders are buying huge amounts of stocks
I just bought some too. you might want to check it out

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